Bought well under what we could afford with the plan of living in it and renting it out in the future.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

Assuming he actually got the majority of his capital back in each of his 10 or so BRRRRs (which seems to be the case) he's likely accumulated a good amount of equity and is benefiting from debt paydown and tax advantages (with potential appreciation and improved future cash flow once the properties are stabilized being nice-to-haves if they happen).

Let’s do a deep dive into this so you can avoid these kinds of people in the future.

Please shoot me a PM if you would like to chat or just say hi.All the best,Phillip DakhnovetsGuardian Property Management & Maintenance If the 1% rule exists there (and the city is growing and not crime-riddled) then while it may not be "the future" it certainly sounds like a good market to invest in.

Also for the future; should i get rid of the saying no pets? 

If you wait, then you prolong future repairs.If you are good with what you have, enjoy living there and do it after.

I how to reciprocate in the future.

This approach allows you to create a comfortable atmosphere for future discussions.

The real goal is capital gain, and future cash out refinance.